Reckson, now a real estate investment trust based in Melville, L.I., started out as a family business on Long Island in 1962.

Tower Realty Trust, a real estate investment trust based in Manhattan, had unsuccessfully tried to market the basement space for more than three years.

The most active buyer is Security Capital Industrial Trust, a national real estate investment trust based in Aurora, Colo.

Mack-Cali Realty Corporation, a real estate investment trust based in Cranford, is moving forward with plans for a full-service hotel on a pier.

Starwood, a small but fast-growing real estate investment trust based in Phoenix, spent yesterday weighing options.

Last week, a real estate investment trust, the AMB Property Corporation, based in San Francisco, announced that it would begin reporting options as expenses.

Mr. Foye is currently an executive vice president of Apartment Investment and Management, a real estate investment trust based in Denver.

The new owner of the Arcadian center is Urstadt Biddle Properties, a real estate investment trust based in Greenwich.

Sun Communities, a real estate investment trust based in Farmington Hills, Mich., plans to raise funds for the transaction by issuing common stock, debt and partnership stakes.

The real estate investment trust, based in New York, said the transaction involved centers that have a combined total of about 1.7 million square feet of retail space.